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Unaudited Condensed Consolidated Balance Sheets - USD ($)
$ in Millions
Mar. 31, 2018
Dec. 31, 2017
ASSETS    
Cash and cash equivalents $ 57.5 $ 69.2
Receivables, net 883.1 1,111.0
Inventory 3,529.3 3,365.6
Other current assets 177.0 251.7
Total Current Assets 4,646.9 4,797.5
PROPERTY AND EQUIPMENT, net of accumulated depreciation of $1.2 billion and $1.2 billion, respectively 3,000.3 2,962.7
GOODWILL 1,513.6 1,515.0
OTHER INTANGIBLE ASSETS, NET 587.3 586.8
OTHER ASSETS 472.2 409.5
Total Assets 10,220.3 10,271.5
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 3,739.2 3,806.9
Accounts payable 302.2 309.8
Commercial paper 270.0 330.0
Current maturities of long-term debt 414.8 414.5
Other current liabilities 707.4 774.5
Total Current Liabilities 5,433.6 5,635.7
LONG-TERM DEBT, NET OF CURRENT MATURITIES 1,958.7 1,959.2
DEFERRED INCOME TAXES 76.1 71.9
OTHER LIABILITIES 280.0 235.4
COMMITMENTS AND CONTINGENCIES (Note 12)
SHAREHOLDERS’ EQUITY:    
Preferred stock, par value $0.01 per share; 5,000,000 shares authorized; none issued 0.0 0.0
Common stock, par value $0.01 per share; 1,500,000,000 shares authorized; 102,562,149 shares issued at March 31, 2018, and December 31, 2017, including shares held in treasury 1.0 1.0
Additional paid-in capital 16.1 4.0
Retained earnings 2,936.0 2,832.2
Treasury stock, at cost; 11,232,634 and 11,002,298 shares held, respectively (481.2) (467.9)
Total Shareholders’ Equity 2,471.9 2,369.3
Total Liabilities and Shareholders’ Equity 10,220.3 10,271.5
Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable 2,233.1 2,179.1
Non-Trade [Member]    
LIABILITIES AND SHAREHOLDERS’ EQUITY    
Vehicle floorplan payable $ 1,506.1 $ 1,627.8